Assets and Opportunity Scorecard

The recent release of the scorecard indicates that 20.9% of Virginia Families are asset poor, meaning that they do not have sufficient assets to sustain a three month loss of income. For single parent households 54.34% are asset-poor.

More astonishing is that if you remove illiquid assets like homes, vehicles and businesses, 35.9% of all Virginians and 82.57% of single parent households are liquid asset poor.

Without savings, a large number of Virginians do not have the resources to sustain them in times of financial stress.

For more click here (courtesy Corporation for Enterprise Development/CFED)

Courtesy of Lori Irwin, Financial Empowerment Program Coordinator at Virginia Beach Department of Human Services